PAR Technology Co. (NYSE:PAR) is Voss Capital LP’s Largest Position

Voss Capital LP cut its position in PAR Technology Co. (NYSE:PAR) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,460,000 shares of the software maker’s stock after selling 87,128 shares during the period. PAR Technology accounts for 7.9% of Voss Capital LP’s investment portfolio, making the stock its largest holding. Voss Capital LP’s holdings in PAR Technology were worth $106,098,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PAR. Aster Capital Management DIFC Ltd acquired a new stake in PAR Technology in the fourth quarter valued at $28,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of PAR Technology during the 4th quarter worth about $29,000. Signaturefd LLC raised its position in shares of PAR Technology by 85.6% during the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker’s stock worth $44,000 after acquiring an additional 279 shares in the last quarter. US Bancorp DE lifted its stake in PAR Technology by 104.3% during the fourth quarter. US Bancorp DE now owns 668 shares of the software maker’s stock worth $49,000 after purchasing an additional 341 shares during the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new position in PAR Technology in the fourth quarter valued at approximately $113,000.

PAR Technology Price Performance

Shares of PAR opened at $56.40 on Monday. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of -225.60 and a beta of 1.95. PAR Technology Co. has a fifty-two week low of $37.74 and a fifty-two week high of $82.24. The firm has a 50-day simple moving average of $60.95 and a 200-day simple moving average of $66.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13.

PAR Technology (NYSE:PAR) last announced its earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.17). PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company had revenue of $105.01 million during the quarter, compared to analysts’ expectations of $99.10 million. During the same quarter last year, the business posted ($0.33) earnings per share. The company’s revenue for the quarter was up 50.2% compared to the same quarter last year. On average, equities research analysts anticipate that PAR Technology Co. will post -1.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PAR. Citigroup restated a “neutral” rating on shares of PAR Technology in a research report on Friday, February 28th. StockNews.com raised shares of PAR Technology to a “sell” rating in a research report on Monday, March 3rd. Stephens restated an “overweight” rating and issued a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. Craig Hallum reiterated a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. Finally, Benchmark reissued a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $81.86.

About PAR Technology

PAR Technology Corporation, together with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail segment offers PUNCHH, an enterprise-grade customer loyalty and engagement solution; MENU, an eCommerce platform for restaurant brands; BRINK POS, an open cloud, point-of-sale solution; PAR PAYMENT SERVICES, a merchant services business that enables electronic payment and processing services for businesses; and DATA CENTRAL, a back-office solution that leverages business intelligence and automation technologies.